Mr Getty Goh has a Masters in Real Estate from the National University of Singapore (NUS) and he is the CEO of CoAssets.com, South East Asia’s first crowdfunding website. Mr Goh is also a director with Ascendant Assets Pte Ltd, a real estate research consultancy and think tank. Dr Seh Huan Kiat has a PhD from Massachusetts Institute of Technology (MIT) and he is the CTO of CoAssets.com. The views expressed are their own.
Singaporeans are avid investors and we are always on a constant look out for ways to grow our money. As a result, many of us are quite receptive to new and alternative ways to investing.
In the past few years, there has been an influx of “alternative” real estate investments, ranging from land banking, buying foreclosed properties, social housing projects, etc. While some are legitimate projects that have given investors good returns, some are dubious deals and those who had invested are considered lucky if they had gotten a portion of their original investment back.